Journal Article

Financial restructuring and regional economic activity

Abstract: An empirical analysis that links employment changes resulting from the birth, death, expansion, and contraction of various-sized banks with the local economic performance of 217 SMSAs over the 1980-82 and 1984-86 periods. Results suggest that the deaths of midsized banks have a negative, but short-lived, impact on economic activity.

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1990

Volume: 26

Issue: Q III

Pages: 13-25